Toast Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	342	19	-246	-275	-487
Depreciation & Amortization	64	44	32	24	12
Other Amortization	99	82	62	44	39
Asset Writedown & Restructuring Costs	3	7	15	-	-
Stock-Based Compensation	242	253	277	228	140
Provision & Write-off of Bad Debts	91	70	64	34	4
Other Operating Activities	11	33	-10	-82	283
Change in Accounts Receivable	-33	-72	-3	-35	-23
Change in Inventory	4	-	-7	-68	-23
Change in Accounts Payable	11	5	1	-11	15
Change in Unearned Revenue	6	23	-5	-11	-2
Change in Other Net Operating Assets	-179	-104	-45	-4	44
Operating Cash Flow	661	360	135	-156	2
Operating Cash Flow Growth	83.61%	166.67%	-	-	-
Capital Expenditures	-53	-54	-42	-33	-19
Cash Acquisitions	-	-	-9	-46	-26
Investment in Securities	-119	15	-32	-19	-459
Other Investing Activities	-	-	-3	-	1
Investing Cash Flow	-172	-39	-86	-98	-503
Long-Term Debt Repaid	-	-	-	-	-245
Net Debt Issued (Repaid)	-	-	-	-	-245
Issuance of Common Stock	81	99	36	15	984
Repurchase of Common Stock	-107	-56	-	-	-
Other Financing Activities	33	-25	27	23	20
Financing Cash Flow	7	18	63	38	759
Foreign Exchange Rate Adjustments	2	-1	-	-	-1
Net Cash Flow	498	338	112	-216	257
Free Cash Flow	608	306	93	-189	-17
Free Cash Flow Growth	98.69%	229.03%	-	-	-
Free Cash Flow Margin	9.88%	6.17%	2.41%	-6.92%	-1.00%
Free Cash Flow Per Share	1.00	0.52	0.17	-0.37	-0.06
Cash Income Tax Paid	-	-	-	1	-
Levered Free Cash Flow	580.63	413.88	259.63	8	90
Unlevered Free Cash Flow	580.63	413.88	259.63	8	97.5
Change in Working Capital	-191	-148	-59	-129	11

Source: S&P Global Market Intelligence. Standard template. Financial Sources.